Coronavirus

Coverage of COVID-19 and its impact on pensions and investments

Morneau names Tiff Macklem new Bank of Canada governor

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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment ...

What role will shadow banking play in the coronavirus crisis?

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Since the last financial crisis in 2008-09, the shadow banking sector in Canada has been growing at a rapid pace, which can pose challenges in ...

Economists agree: No quick rebound from recession is likely

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Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back ...

Canadian DB plans return negative 7.1% in first quarter

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Canadian defined benefit plans saw a median return of negative 7.1 per cent in the first quarter of 2020, after enduring a historic period of ...

What’s next for variable benefits?

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While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution ...

Employers permitted to suspend DC pension contributions, says FSRA

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The Financial Services Regulatory Authority of Ontario has confirmed it will permit a suspension of employer contributions to defined contribution pension plans on a temporary basis. However, ...

Coronavirus casting light on different ESG issues

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The coronavirus pandemic is hastening certain trends that institutional investors incorporating environmental, social and governance issues have been eyeing for some time. One trend is the democratization ...

UTAM pension portfolio sees 13% return for 2019

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The University of Toronto Asset Management Corp. has earned a 13 per cent return on its pension portfolio for 2019, and a 12.9 per cent ...

Nova Scotia Teachers’ returns 12.36%, cautions about coronavirus impact

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The Nova Scotia Teachers’ Pension Plan is bracing for the effect of the coronavirus pandemic on its assets as it reported a 78.2 per cent funded ...

A tough first quarter for pension managers’ pooled funds

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 It’s no surprise that pension funds had a rough first quarter of 2020 and the latest data from Morneau Shepell Ltd.’s universe of pension managers’ ...

Contex Group Inc.